Use the Following to Answer Question

question 42

Multiple Choice

Use the following to answer question:
-(Table: Output and Marginal Cost) Use Table: Output and Marginal Cost.After graduation,you achieve your dream of opening an art shop that specializes in selling mud statues.How many statues should you produce to minimize your average variable costs?

• A)two
• B)three
• C)four
• D)five

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Definitions:

Franchisee

One receiving a license to use another’s (the franchisor’s) trademark, trade name, or copyright in the sale of goods and services.

Independent Businessperson

An individual who operates and manages their own business, making decisions independently, often bearing the risks and rewards of the enterprise.

Regional

Pertaining to or characteristic of a specific area or part of a country or the world.

National Organization

A group or institution that operates across an entire country, often focusing on specific social, professional, or charitable objectives.